Use the refinance calculator to see if you can benefit by refinancing your mortgage
Refinancing a mortgage involves taking out a new loan, typically with better terms, in order to pay off an existing loan. People typically choose to refinance when interest rates decrease or if they have an adjustable-rate loan that is higher than the available rates. If you are considering refinancing a mortgage, it is a good idea to first use the refinance calculator to see how much it can change your payment.
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